Sibanye Stillwater Limited (NYSE:SBSW) Short Interest Up 40.6% in February

Sibanye Stillwater Limited (NYSE:SBSW) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 17,600,000 shares, an increase of 40.6% from the February 13th total of 12,520,000 shares. Based on an average daily trading volume, of 7,020,000 shares, the days-to-cover ratio is presently 2.5 days. Currently, 2.5% of the company’s shares are short sold.

Institutional Trading of Sibanye Stillwater

Large investors have recently added to or reduced their stakes in the business. Goehring & Rozencwajg Associates LLC acquired a new stake in shares of Sibanye Stillwater in the fourth quarter worth $9,446,000. BCGM Wealth Management LLC raised its holdings in Sibanye Stillwater by 60.3% in the 3rd quarter. BCGM Wealth Management LLC now owns 620,252 shares of the company’s stock worth $2,549,000 after acquiring an additional 233,217 shares during the period. Lingotto Investment Management LLP lifted its position in Sibanye Stillwater by 1.0% during the 4th quarter. Lingotto Investment Management LLP now owns 27,798,014 shares of the company’s stock worth $91,733,000 after acquiring an additional 286,195 shares during the last quarter. ABC Arbitrage SA bought a new stake in Sibanye Stillwater during the fourth quarter valued at about $1,332,000. Finally, Barclays PLC acquired a new stake in shares of Sibanye Stillwater in the third quarter valued at about $329,000. 34.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada decreased their price target on shares of Sibanye Stillwater from $6.00 to $4.25 and set a “sector perform” rating for the company in a research report on Thursday, February 13th. Six research analysts have rated the stock with a hold rating, According to MarketBeat.com, Sibanye Stillwater currently has a consensus rating of “Hold” and a consensus price target of $4.79.

Sibanye Stillwater Stock Up 4.2 %

Shares of SBSW stock traded up $0.17 during trading on Monday, hitting $4.10. 7,464,914 shares of the company were exchanged, compared to its average volume of 6,466,251. Sibanye Stillwater has a twelve month low of $3.05 and a twelve month high of $5.93. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 2.09. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 7.88 and a beta of 1.59. The business’s 50-day simple moving average is $3.67 and its 200 day simple moving average is $3.95.

Sibanye Stillwater Company Profile

Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Europe, and Australia. The company produces gold; platinum group metals (PGMs), including palladium, platinum, rhodium, iridium, and ruthenium; chrome; nickel; and silver, cobalt, and copper.